CPO Sabrina Ellis sold 22.3K PINS shares at $31.24 (8/27); stock down 30.6% from 52-week high.
Sabrina Ellis, Chief Product Officer, sold 22,337 shares of PINTEREST, INC. (PINS) at $31.24 on 2024-08-27, reducing her holdings to 474,533 shares (a 4.5% reduction). PINS has declined sharply since the transaction: the current price of $31.20 is 30.6% below the 52-week high of $44.98, and the stock fell 16.5% over the 30 days following the sale and 24.8% over 90 days. Examining Ellis's prior open-market sales across all tickers (her cross-ticker track record), her previous four sells showed an average 90-day return of +4.1%, meaning her sales have historically occurred before modest gains—not declines—suggesting the current post-sale performance does not align with her typical pattern. At PINS specifically, Ellis has completed four prior sales; one of them (2023-11-15) was well-timed (yielding +17.2% in 30 days and +12.0% in 90 days), while the most recent PINS sale on 2024-05-28 was poorly timed, delivering -23.5% at the 90-day mark. The company posted $853.7M in revenue for the latest quarter with net income of $8.9M, but remains unprofitable on a full-year basis, indicating operational weakness despite year-over-year revenue growth of 9.0%.